EnLink Midstream (ENLC) to Release Earnings on Tuesday

EnLink Midstream (NYSE:ENLC) is anticipated to release its earnings data before the market opens on Tuesday, February 18th. Analysts expect EnLink Midstream to post earnings of $0.22 per share and revenue of $2.04 billion for the quarter.

EnLink Midstream Stock Up 2.9 %

Shares of NYSE:ENLC opened at $14.56 on Tuesday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 12-month low of $11.55 and a 12-month high of $16.40. The business has a 50-day moving average price of $14.61 and a 200 day moving average price of $14.45. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30.

Analyst Ratings Changes

ENLC has been the subject of a number of analyst reports. Raymond James downgraded shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Mizuho reissued a “neutral” rating and set a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, October 31st. US Capital Advisors cut shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $15.00 target price on shares of EnLink Midstream in a report on Thursday, November 21st. Finally, StockNews.com assumed coverage on shares of EnLink Midstream in a research note on Saturday. They set a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.40.

About EnLink Midstream

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.